Sunday, April 14, 2019

Did You Really Think You Would Do Your Taxes On A Postcard?

One of the sillier claims of the Trump Cultists is that the Trump Tax bill simplified taxes so that you could do your taxes on a postcard.
Hahahahahahaha!

  1. Why are you filing on paper ? It's the year 2019 for gosh sakes: Use software. If you're earning under $66,000 a year there's free software at irs.gov. It's faster too: if you e-file, you get your refund in 3 weeks; if you paper file, it takes 6 weeks. And, tough love time: if you were stupid enough to think you could send in your taxes on a postcard, you should be using software anyway.
  2. The cultists claim that they reduced a 79-line form down to 23 lines, but that's wrong. They basically took the 1-page (14 line) 1040EZ form, folded it in half, and called it 1040. If you couldn't use a 1040EZ in 2017, you're unlikely to use the plain vanilla standalone1040 in 2018 - you're going to need supplemental "schedules".
  3. The smallest tax return you can file for Tax Year 2017 is the 1-page 1040EZ; the smallest tax return you can file for 2018 is a half-page 1040 printed front and back. Assuming those minimum forms meet your needs, you're not saving any time, ink or paper.
  4. BUT if you couldn't use the minimum forms (for example you have adjustments to your income), in 2017 you could just use a one page/2 sided 1040 form BUT in 2018 you have to print from 1 to 6 extra sheets (called "schedules"). That's right: you print more paper to provide about the same information and save nothing.
  5. The 2018 Form 1040 is not a postcard. You can't send it through the mail (even if you printed it on card stock) because there's no room on it for a stamp or a mailing address. Anyway, only a fool would file taxes on a postcard so that everyone could see their private information. At the very least, stick it in an envelope! 

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